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3 years ago

Hat's accounting records showed the following:

Business

1 answer:

levacccp [35]3 years ago

6 0

Answer:

D. $55,000

Explanation:

Sales = 250,000

Gross Profit = 250,000 x 40% = 100,000

Cost of goods sold = 250,000 - 100,000 = 150,000

Cost of good sold = Opening Inventory + Purchases - Closing Inventory

150,000 = 35,000 + 200,000 - Closing Inventory

150,000 = 235,000 - Closing Inventory

Closing Inventory = 235,000 - 150,000

Closing Inventory = 85,000

Inventory damaged by flood = 85,000 - 30,000 = 55,000

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What would be the best answer

devlian [24]

Answer:

D. Logical fallacies are unethical because they use logic to emphasize falsehood.

Explanation:

A logical fallacy is reasoning or error of argument which is logically incorrect and renders the validity of an argument invalid.

There are types of logical fallacies such as Ad Hominem, Straw man, etc.

Logical fallacies are easily identified because they usually lack evidence to support their claim.

When something is said to be unethical, it means that it is morally wrong.

Therefore, the false statement from the list is that logical fallacies are unethical because they use logic to emphasize falsehood.

7 0

3 years ago

If the MPC is 0.80 and disposable income increases from 32,000 billion to $37,000 billion, then consumption will increase by: A.

horsena [70]

If the MPC is 0.80 and disposable income increases from 32,000 billion to $37,000 billion, then consumption will increase by: B. $29,600 billion.

<h3>Increase in consumption</h3>

Using this formula=Increase in disposable income×MPC

Where:

Increase in disposable income=$37,000

MPC=0.80

Let plug in the formula

Increase in disposable income=$37,000 billion×0.80

Increase in disposable income=$29,600 billion

Therefore consumption will increase by: B. $29,600 billion.

Learn more about increase in consumption here:brainly.com/question/6955443

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8 0

2 years ago

On November 26, Joe wrote to Kate offering to purchase a farm that she owned. Upon receiving the letter on November 28, Kate imm

slega [8]

Answer:

No, a contract has not been form because the offer has been revoked

Explanation:

an offers can be terminated if there is rejection of offer by the offeree. an offer can be revoked before its has been accepted. Since the revocation is made known to Joe before the letter of acceptance reach joe. No contract has been form.

Acceptance or rejection of offer can be done orally or written. orally can be through phone communication.

the phone call can also be a form of rejection of offer which has been declared by the offeree.

4 0

3 years ago

Value stocks usually exhibit ______ price-to-book ratios and ______ price-to-earnings ratios.A. low; lowB. low; highC. high; low

AysviL [449]

Answer:

A. low; low

Explanation:

Value stocks usually exhibit low price-to-book ratios and low price-to-earnings ratios

3 0

3 years ago

The title company charges a fee to effect the closing on behalf of the buyer and seller. who bears the cost of this?

horrorfan [7]

To have a fundamental and legal basis, there should always be a purchase contract between the buyer and the seller. This contract contains the agreement and requirements for the purchase to proceed. So in this case, it is always agreed in the contract who pays the cost.

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3 years ago